Alpine Trust & Investment Group in Rockford, Ill., will use a white-label version of PCS’s 401(k) platform to serve its workplace retirement plans.
PCS in Philadelphia announced that it will provide its recordkeeping services to Alpine’s 90 plans, which total $225 million in assets.
"As a community bank, we are committed to providing the best possible service for the businesses that depend on us to advise and manage their employees' retirement plans," said Julie O'Rourke, Alpine executive vice president. "PCS offers an outstanding platform for plan sponsors, participants, and the advisors that serve them. We look forward to partnering with them to further enhance our value to our plan clients."
The PCS platform offers advisors an open-architecture solution that provides automation, 24-hour support and fiduciary protection. Launched in 2001, PCS had more than $3.4 billion in AUA in 1,527 plans as of Dec. 31.